Let’s Model ObamaJobs After ObamaCare!

Dispatches recommends this brilliant piece by Paul Hsieh:

President Obama is currently huddled with his advisors putting the finishing touches on his upcoming major “jobs” speech. Undoubtedly he feels some pressure to come up with a blockbuster program, especially given that this speech could make or break his chances in the 2012 election. But he need not worry, because he already has a perfectly good model for fixing our unemployment problem — his own ObamaCare health plan!

Simply by varying a few features of ObamaCare, the president could guarantee nearly “universal” employment just as ObamaCare has guaranteed nearly “universal” health coverage. He could implement an “ObamaJobs” program as follows:

1) Impose a “job mandate” requiring all companies with greater than 50 employees to add 10% new employees to their payrolls. So if a company currently has 50 employees, they would need to hire 5 new workers. If a company has 100 employees, they must hire 10 new workers, etc.

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“If Congress can do whatever in their discretion can be done by money, and will promote the General Welfare, the Government is no longer a limited one, possessing enumerated powers, but an indefinite one, subject to particular exceptions.” —James Madison (1792)